Write a 1,750- to 2,100-word executive summaryin which you complete the following: QUESTION TITLE :- HCS 451 Risk and Quality Management Assessment Summary
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Write a 1,750- to 2,100-word executive summaryin which you complete the following:
QUESTION TITLE :- HCS 451 Risk and Quality Management Assessment SummaryStep by step
Solved in 4 steps
- Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. Ethical decisions that affect a buyers ethical perspective usually involve the organizational environment, cultural environment, personal environment, and industry environment. Analyze this scenario using these four variables.Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What should Sharon do in this situation?Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What does the Institute of Supply Management code of ethics say about financial conflicts of interest?
- Q2. Jack and Jill arrived early for a meeting with a company’s Chief Security Officer (CSO). They were asked to wait in the meeting room of the company. While waiting, Jack saw the whiteboard has several company strategies. Jill found the minute of meeting document on the table near her seat, in the meeting room. a) What are TWO (2) human (company’s staff) mistakes as Security Weaknesses in the above situation? b) Give THREE (3) possible security threats that can happen in this situation?Which of the following is not a benefit of risk mapping and prioritisation? Question 5 options: Risk maps are key graphical representations of the variance in risk appetites across different divisions within an organisation. Ranking risks by their level of severity helps an organisation determine the optimal allocation of resources devoted to risk response or treatment. Helps the organisation identify how certain risks can offset other risks to ensure that the enterprise maintains an overall risk profile that remains within risk capacity. The results help an enterprise to communicate better its risk aggregated risk profile to key external stakeholders.Equipment ExpensesAnalyze the cost differences for a project that needs the use of a trencher Compare the cost differences between renting and buyingâamortizing the purchase price over a five-year period Which would be the best approach, renting or purchasing? Explain how equipment expenses differ from other installed construction items, such as lumber and steel What unique accounting aspects need to be considered when estimating equipment used in a construction estimate? Submission Requirements:Submit a Word document with the following specifications: Font: Arial, size 12, double-spacing Citation style: APA Length: 2â3 pages
- Q#1: (a): Discover and resolve ambiguities or omissions in the following statement of requirements for part of a ticket-issuing system:An automated ticket-issuing system sells rail tickets. Users select their destination and input a credit card and a personal identification number. The rail ticket is issued, and their credit card account charged. When the user presses the start button, a menu display of potential destinations is activated, along with a message to the user to select a destination.Once a destination has been selected, users are requested to input their credit card. Its validity is checked, and the user is then requested to input a personal identifier. When the credit transaction has been validated, the ticket is issued.(b): Write a set of non-functional requirements for the ticket-issuing system, setting out its expected reliability and response time.Q3. A reporting process can increase the number of non-actionable reports? True or false?A company is anxious to sign a 3-year software operation contract for an ERP (Enterprise Resource Planning) software package. The company has already acquired experience in the provision of software operation services for the ERP package. The multinational organization suggests paying a lump sum for user support, corrective and adaptive maintenance tasks, and a separate payment for functional improvements, based on the characteristics of each request. The pressure from the Sales Department to immediately sign the contract left little time to prepare a proposal, and practically no time for a contract review. What risks are entailed by neglecting to hold a contract review?
- • What is the difference between Risk Appetite and Risk Tolerance? • Define each term. • Contrast these terms highlighting their differences. • What purpose do they serve and how are they used differently.EIGHTEEN. A risk response plan can be used to identify increasing levels of detailed risk analysis. True FalseBSBI 516 Activities 5 Updated (1) [Compatibility Mode] - Word mrs.alansari91@gm Layout References Mailings Review View Q Tell me what you want to do Help 18 A A Aa v 21 T AaBbCcDd AaBbCcI AaBbCcI AaBbCcI AaBb X, x aby . A 1 Caption2 1 Normal T Referenc. No Spacing 1 Table Font Paragraph Styles uine, and you may be a victim of software counterfeiting. Avoid interruption and keep your files safe with genuine Office today. ACTIVITY 1 Get genuine Office EXPLORING MARKETS AND MARKETING Exercise I SIMPLE RECALL 1. This is the statement of the actions a business will take in order to achieve its marketing objectives 2. This is another term for marketing variables. This refers to tangible or intangible goods which are intended 3. for satisfying people's needs and wants. 4. This type of goods is directly consumed by people. This type of goods is produced for other businesses to use. 5. 6. This is a process of qualifying competitiveness, development and uniqueness of products against…